Organic soybean prices remain elevated and the lack of organic soybean meal that has recently been imported into the US has put upward pressure on prices. Organic soybean meal is hovering near $800 per short ton in PA and slightly lower in the mid-west. In addition to the accelerating number of COVID cases, there could be additional pressure on Indian Imports of the US starts to use rhetoric that is similar to China.
On Tuesday, the Soybean Export Council said that China soybean buyers are now asking exporters to guarantee no COVID contamination in soybean cargoes. China’s soybean buyers are asking exporters to sign a letter guaranteeing their soybean shipments are not contaminated with the coronavirus. According to sources, Zhang Xiaoping, China director for the group, said the requests are coming from local customs authorities, not Beijing. If the US begins to require the same things from India, there is the…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...